Money Forward to sell Smart Camp, expects 6.34 bn yen special profit

Money Forward, Inc. resolved on September 19, 2025, to transfer all shares of its consolidated subsidiary, Smart Camp Co., Ltd., to M-Cap No. 21 Co., Ltd. This share transfer will also result in BizHint Co., Ltd. being excluded from Money Forward’s consolidated group, with the transaction expected to finalize on November 4, 2025.

Smart Camp operates Japan's largest SaaS comparison website "BOXIL" and provides sales outsourcing services "BALES," while BizHint specializes in cloud utilization. The divestiture aligns with Money Forward's strategy to optimize capital allocation and enhance Smart Camp's corporate value with support from Marunouchi Capital.

As a result of this share transfer, Money Forward anticipates recording an extraordinary gain of 6,344 million yen for the fiscal year ending November 2025. The final transfer price is subject to adjustments based on the cash and cash equivalents and borrowings of the Smart Camp Group.